Question 15 Marks
Find a linear equation using the method of least squares for the trend of production from the following data about sugar production of a country recorded for the last $6$ years. Find the trend estimates for the production of the year $2016-17$ and $2017-18$.
OR
The data about closing prices of shares of a company registered in a stock exchange for different months is given in the following table. Find the trend using three monthly moving averages.
| Year | $2009-10$ | $2010-11$ | $2011-12$ | $2012-13$ | $2013-14$ | $2014-15$ |
| Production $($Crore tons$)$ |
$29.2$ | $34.2$ | $35.4$ | $36.4$ | $33.6$ | $37.7$ |
The data about closing prices of shares of a company registered in a stock exchange for different months is given in the following table. Find the trend using three monthly moving averages.
| month | Jan. | Feb. | Mar. | April | may | June | July | Aug. | Sept. | Oct. |
| Share Price ₹ |
$176$ | $173$ | $165$ | $168$ | $167$ | $160$ | $163$ | $167$ | $165$ | $166$ |
Answer
View full question & answer→$39.78,40.97$ crore tons. OR $171.33 ; 168.07 ; 166.07;165;$ June $163.33;$ July $163.33;$ August $165$; Stp $165.$